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Saudi Aramco Reports $42 Billion in Profit as Cash Rolls In for Oil Giants

Por: The New York Times Business November 01, 2022

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Saudi Aramco, the world’s largest oil company, said on Tuesday that it had earned $42.4 billion in net income in the third quarter. The figure was more than double the nearly $20 billion that Exxon Mobil earned for the period.It also enabled Saudi Aramco, which is state-controlled and has a near-monopoly on Saudi Arabia’s oil output, to pay a large dividend — $18.75 billion — mostly to the country’s government.Aramco is the latest oil... + full article



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